What about digital currency mobile phone
Digital currency is not attached to the memory of the mobile phone. If the mobile phone is broken, the digital currency wallet will not be lost. You only need to log in the currency wallet account on other devices to retrieve the corresponding digital currency
digital currency can be considered as a virtual currency based on node network and digital encryption algorithm. The core characteristics of digital currency are mainly reflected in three aspects:
1. Due to some open algorithms, digital currency has no issuing subject, so no one or organization can control its issuing
Because the number of algorithm solutions is determined, the total amount of digital currency is fixed, which fundamentally eliminates the possibility of inflation caused by the overuse of virtual currency3. Because the transaction process needs the approval of each node in the network, the transaction process of digital currency is safe enough
extended data
the central bank concted internal test on digital currency, and some civil servants received part of the salary paid in the form of digital currency
the screenshots of the digital currency wallet applications launched by Agricultural Bank of China, China Construction Bank and Bank of China are widely spread on the Internet, showing that they have many functions, including allowing depositors to track the transactions of digital currency and associate the digital currency wallet with their existing bank accounts
So far, digital currency has not been officially launched in China. Before introcing digital currency, we should distinguish two concepts, one is mobile payment, the other is digital currency. There is a big difference between the two. Don't think mobile payment is digital currency. At present, China's mobile payment has been very developed, people know more about Alipay, WeChat payment, China UnionPay Express link, etc. These are just payment methods. They use e-money instead of cash to facilitate business transactions. Digital currency is a new type of currency based on blockchain technology
it can be seen that the issue of digital currency has little to do with the people, which is equivalent to adding another currency. The value of this currency is more stable and can be exchanged in the current currency. The main purpose is to facilitate international trade settlement, which has little impact on ordinary retirees